Hong Kong central bank leaves interest rate unchanged, tracking Fed move
© Reuters. FILE PHOTO: A taxi drives in front of skyscrapers at the central business district, including AIA Central, China Construction Bank Tower, Bank of China Tower, Cheung Kong Centre, HSBC and Standard Chartered Bank headquarters, in Hong Kong, China Aug
The U.S. central bank held interest rates steady on Wednesday as policymakers paused its aggressive tightening of monetary policy to consider if conditions were restrictive enough to tame inflation. "The Hong Kong dollar exchange rate remains stable, and the Hong Kong dollar interbank rates might remain high for some time," HKMA said in a statement, adding that local financial and monetary markets continue to operate in a smooth and orderly manner.
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